2 bedroom flat, St Georges Court, West Green, Crawley
If you’re looking for annual gross rental yield above 5%, then take a look at this flat at St Georges Court. On the market at £195000 with ConnectUK, the flat, according to the description, has been refurbished throughout. The pictures look great and it has been newly double glazed. For more information on the property visit the Rightmove link here: http://www.rightmove.co.uk/property-for-sale/property-54672362.html
Flats at St Georges Court are older than those at Pembroke Park, for example, and tend to only have a family bathroom i.e. no en-suite. As such, they are a bit cheaper to buy and do not command as much in rent.
However, the development is ideally located for Crawley town centre, Manor Royal, Gatwick etc…., so location is good for reducing potential void periods between tenants.
Properties like this are fetching £875 to £895pcm at present which gives a gross annual yield of between 5.4% & 5.5%.
If you’re looking for investment property and want some impartial free advice, why not e-mail us at: crawley@northwooduk.com or call us on 01293 515588. Alternatively, if you’re buying an investment property through another agent and want an independent opinion, we’re more than happy to help.
The Crawley Property Blog 